Regulators Again Attempt to Tame
California's Chaotic Power Market

Federal regulators have launched yet another attempt to control California's out-of-control wholesale electricity market. But like previous efforts, it could have limited effectiveness.

Already, critics are predicting failure for the new "price mitigation" plan that the Federal Energy Regulatory Commission put into effect last week. The FERC's pricing plan is again "laced with loopholes," says California Gov. Gray...